Non-Disclosure Agreements

Most businesses consistently struggle with the non-disclosure agreement (NDA) lifecycle. From creating and executing an NDA, to filing and tracking it, problems plague the process and expose the organization to many potential liabilities.

Too often NDAs are managed at the department level, meaning that the legal department may not even be aware that they exist. Or the NDA being issued may not be appropriate for the work being done. Both of these situations could be legally troubling if problems were to arise.

Onit’s NDA solution allows all NDAs and requests to be managed from a single dashboard, providing the needed visibility and ability to drill into an existing NDA or respond to a new request. Additionally, the software allows you to build custom components and execute NDAs tailored to different business needs for employees, vendors, contractors, and clients.

Benefits

Self-Service

Generate an NDA for the requester using standard terms but have the NDA escalated for legal review prior to delivery to the requester when conditions warrant.

Policy Compliance

Ensure NDAs are being handled properly. When they need legal review, they get reviewed. If they need executive approval, they are approved. And, most importantly, the process is self-documenting and always auditable.

Variable Workflow

The workflow process can be altered, reviewed and approved by all the participants. New approvers can be quickly added without slowing down the process.

Complete Lifecycle Management

NDAs can be managed through their entire lifecycle, including renewal dates, termination notice periods and non-standard terms.

Electronic Signatures

Onit’s software supports electronic signatures and integrations with all vendors, such as EchoSign and DocuSign.

Faster Execution

Get NDAs approved faster and have more visibility into the process. This software supports the entire process—creation, approval, negotiation and final execution.

Warnings Notification

Clauses needing special attention in the NDA can be flagged, and users will see a warning when they open it for review.

Document Retention

All documents are stored in a central location making any document accessible at any time. The software will notify all participants when a NDA is signed and automatically close the request.

Dashboard Views

Quickly see a snapshot view of the status of all NDA requests, making reporting and metrics gathering easy.

Simple, Intuitive Interface

The software is affordable, intuitive, easy to use, and learn. There is virtually no training to get started.

Are there gaps in your NDA lifecycle process? Close them with the right technology.

Fortune 50 Technology Company

"In the first month of using an Onit NDA App, more than 1,000 NDAs were processed; cycle time went down from 16 days to less than 24 hours for 90% of NDAs with virtually “no” lawyer involvement.”

Fortune 500 Company

“Onit’s solutions are designed for the way I work...not how enterprise systems expect me to work. With Onit, it's easy to manage work, update colleagues and build new workflows. You might say they built it for the enterprise of me.”